Nojiri · Shinano · Nagano, Japan
A mountain home in Japan. Yours to enjoy, ready to earn.
A Lake Nojiri home for complete renovation — combining a personal retreat with projected short-term hospitality income.
- Total investment
- €92,400
- Interior area
- 85 m²
- Projected net yield
- 17.0%
- Nearest ski area
- ~10 min
The home
Your Mountain Home in Japan.
A Japanese mountain home positioned for complete renovation and repositioning. Located in the Lake Nojiri area of Shinano, with access to several ski resorts and a four-season mountain lifestyle.
- Purchase
- €41,000
- Renovation
- €34,000
- Interior
- 85 m²
- Nojiri, Shinano, Japan
- Private garden
- Parking
- Lake Nojiri area
7 photos of the home · tap any image to enlarge
The concept
Acquire → Renovate → Enjoy → Operate
- 01
Acquire
Secure a mountain home in the Lake Nojiri area at an accessible entry price.
- 02
Renovate
Complete the planned €34,000 renovation to create an attractive mountain home.
- 03
Enjoy
Use the home yourself — the model reserves 28 owner nights each year.
- 04
Operate
Rent the remaining nights as short-term hospitality, professionally managed.
Location
One Home. Multiple Mountains. Four Seasons.
Centred on Lake Nojiri, with several ski resorts within a short drive and Tokyo reachable by Shinkansen.
Ski access · approximate drive
- Kurohime Kogen~10 min
- Myoko Suginohara~15–20 min
- Tangram / Madarao~20–30 min
- Akakura / Myoko KogenAdditional regional access
Please note: the property is not ski-in/ski-out. Resorts are reached by car. The map shows an approximate area, not the exact address.
From Tokyo
Winter · Japanese powder
Winter Is Why You Come.
Skiing and snowboarding in deep Japanese powder, mountain scenery, traditional onsen and Japanese mountain hospitality.
Green season · Lake & nature
The Rest of the Year Is Why You Stay.
Lake Nojiri: kayaking, stand-up paddleboarding and sailing. Hiking, cycling, nature and mountain relaxation.
The investment opportunity
A €92,400 entry into Japan’s mountain hospitality market.
A complete projected model: acquisition, renovation and setup, with income and operating costs set out line by line. All figures are projections for the first year of operation, not historical results.
Total investment
€92,400
Projected gross income
€41,600
Projected NOI
€15,711
Projected net yield
17.0%
Investment structure
- Property purchase€41,000
- Planned renovation€34,000
- Taxes, legal, due diligence, registration & acquisition costs€9,000
- Akiya fee — 10% × €84,000€8,400
- Total investment€92,400
Projected revenue model
Owner use
28 nights
Available
337 nights
ADR
€325
Occupancy
38%
Gross income
€41,600
Gross yield
45.0%
365 calendar days − 28 owner nights = 337 nights available for rental. 337 × 38% occupancy × €325 ADR ≈ €41,600 projected gross income. Gross yield = €41,600 ÷ €92,400.
From gross income to NOI
Projected annual operating costs
Variable costs
- Distribution / OTAs (15%)€6,242
- Akiya Air International management (10%)€4,161
Fixed costs
- Cleaning and linen€6,400
- Utilities, heating and internet€3,000
- Snow removal and exterior maintenance€1,500
- Maintenance reserve€1,500
- Earthquake and fire insurance€550
- Property taxes and local costs€550
- Consumables and operational administration€2,000
Projected NOI
€15,711
NOI margin
37.8%
Net yield on €92,400
17.0%
Scenario calculator
Test your own assumptions
Rental nights
337
Gross income
€41,620
Gross yield
45.0%
NOI
€15,715
Net yield
17.0%
Investment base
€92,400
Illustrative only. Uses the projected model’s structure: variable costs at 25% of gross (15% OTAs + 10% management) and fixed costs held at €15,500. Small rounding differences against the base model may appear.
All income, cost and yield figures are first-year projections based on the assumptions shown. They are not historical performance and are not guaranteed. Actual results may vary with occupancy, rates, seasonality, operating costs, regulation and market conditions. Information provided for discussion purposes only and does not constitute financial advice.
Why Japan, why now
Japan Is Breaking Tourism Records.
Japan · international tourism 2025
42.7M
international visitors
+15.8%
year-on-year growth
Japanese ski destinations · winter 2024/25
~+50%
international growth year-on-year
~80%
international visitor share
~90%
of tourism spending by international visitors
International source markets
- Australia~30%
- United States~20%
- Southeast Asia~12%
Sources: JNTO 2025 · Visa Consulting & Analytics · winter 2024/25. The ~+50% figure is an aggregate for the principal Japanese ski destinations analysed; it is not specific to Myoko.
Three mountain markets
Hakuba. Myoko. Nozawa. Three Distinct Investment Markets.
Short-term rental market data, shown in US dollars as in the source. Nojiri sits in the Myoko area.
01 · Higher monetization
Hakuba
Highest ADR and RevPAR among the three markets.
- ADR
- $522
- Occupancy
- 49%
- RevPAR
- $256
02 · Strongest momentum
Myoko
Highest ADR and RevPAR growth among the three markets.
- ADR
- $427
- Occupancy
- 47%
- RevPAR
- $202
03 · Higher occupancy
Nozawa Onsen
Highest occupancy among the three markets.
- ADR
- $287
- Occupancy
- 54%
- RevPAR
- $157
Connected mountain corridor
Three Destinations. One Mountain Corridor Connected to Tokyo.
- Shinkansen · Tokyo → Nagano ~80–100 min · Nagano → Joetsu-Myoko ~35–45 min
- Road transfer · from stations to the mountain villages. There is no direct Shinkansen access to ski villages.
Schematic, not to exact scale.
Akiya Air International × VibeX Homes
International Experience. Local Execution in Japan.
Local Japanese sourcing and operations, combined with international experience in investment, real estate, travel and hospitality.
150+
Transactions
25
Homes operated in Japan
Japan · Italy
Active operations
Tsuyoshi Domoto
Japan — Acquisitions and Operations
- Local property sourcing
- Owner and agent relationships
- Transaction execution
- Renovation coordination
- Hospitality operations
José Martínez
International — Capital and Growth
More than 20 years of international experience across travel, marketplaces and real estate.
- International investors
- Partnerships
- Business development
- International expansion
Japan as a Plan B
Own Something Real.
An asset in another country. In another currency. A home you can enjoy. An investment that may generate income when you are away.
Tangible ownership
Wealth
A physical real estate asset in Japan, offering international diversification and exposure to the Japanese yen.
Real Asset · Geographic Diversification · JPY Exposure
A home you can enjoy
Life
A second home that offers personal enjoyment, access to Japanese culture and four-season mountain living.
Personal Use · Lifestyle · Nature · Connectivity
More choices for the future
Optionality
International property ownership can create flexibility over time.
Hold · Operate · Sell · Future Options
An Investment You Can Also Live In.
Property ownership in Japan does not by itself grant residence rights. No returns or appreciation are guaranteed.
Investment enquiry
Explore the Nojiri Investment Opportunity.
Discover the property, renovation plan, operating assumptions and next steps for acquiring a mountain home in Japan.